Silverpeak advises fibre broadband network operator Zzoomm on £100m investment by Oaktree

Silverpeak, the technology investment bank, acted as the exclusive financial advisor to Zzoomm on an initial £100m equity investment by funds managed by Oaktree Capital Management, L.P. (“Oaktree”).

Zzoomm was founded by industry veteran Matthew Hare, who launched rural broadband player Gigaclear a decade ago, and this year hired former Virgin Media and TalkTalk executive Richard Sinclair as its chief operating officer. The company has built a full-fibre network in Henley-on-Thames over the past 12 months and plans to expand to similar locations to build a telecoms company focused on market towns that need higher internet speeds. The Oaktree investment will fund a rollout to pass 1m homes with freshly laid fibre optic cables within five years.

Silverpeak was appointed due to its expertise in growth fundraising and connections with global investors. A range of infrastructure investors with strong interest in telecoms and tech infrastructure were approached. The deal team advised the company on the funding strategy and managed the process from start to finish.

Matthew Hare said: “Silverpeak has been at my side with huge dedication and provided very valuable support throughout the whole deal. They have created a lot of interest from investors, helped us to choose the right financial partner and skillfully negotiated the deal. The Board really trusted their advice”.

Pietro Strada, a Managing Partner at Silverpeak added: “It has been a pleasure to work with Matthew and the Zzoomm team and helping them bring in the right partner for the next phase of their journey.”

For more information please contact Pietro Strada: ps@silverpeakib.com

WEBINAR Optimising exits for European technology companies – 17 September 2020

Silverpeak, in association with international law firm Taylor Wessing, held a webinar on Thursday 17 September 2020.

A recording of the webinar is available to view here.

This briefing was to provide practical guidelines and best practice for those seeking to sell or make a partial realisation in the current environment with real-life stories from an entrepreneur’s recent exit experience together with a viewpoint from the Private Equity industry.

Who attended

CEOs, Chairmen, FDs/CFOs, Non-executive Directors, shareholders and VC/PE investors with a stake in technology companies.

Programme

08.30 Introduction
08.35 M&A trends & valuation metrics
08.45 Trends & Risk in M&A Transactions
09.00 Achieving a strategic value
09.10 My Exit Experience
09.30 Panel discussion – Lessons for an optimum exit
09.45 Q&A to Panel
10.00 Close

Optimising exits for European technology companies